In recent days when the cryptocurrency market is volatile, the steps taken by large investors continue to attract attention.
According to data from the on-chain analysis platform Lookonchain, there was a serious accumulation on the AAVE, Chainlink and Ethereum sides, while a dramatic liquidation was seen on the Zcash front.
During the market pullback, AAVE whale 0xE9D0 purchased an additional 40,433 AAVE tokens over the past five days. With this purchase, worth approximately $7.1 million, the whale's total AAVE accumulated over the past three years reaches 292,838 tokens. The portfolio's total purchase cost was $54.5 million, with an average purchase price of $170. This giant investor currently has approximately $4.6 million in unrealized profits.
On the Chainlink side, the reserve update was prominent. In the last 24 hours, the Chainlink Reserve added 89,079 LINK, bringing its total reserve to 973,752 LINK. This amount is currently valued at approximately $12.89 million.
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A whale is also attracting attention on the Ethereum front. An investor purchased 4,322 ETH (approximately $13 million) on Binance and deposited an additional $4.65 million in USDC to the exchange. This additional transfer was interpreted as the investor planning to purchase more ETH. The same whale reportedly made a total profit of $3.5 million from recent trades on the HyperLiquid platform.
Another interesting move came from the Royal Government of Bhutan. 160.35 ETH (approximately $483,000) was transferred from the official wallet to QCP Capital. It is currently unclear whether Bhutan is selling ETH over-the-counter (OTC) or conducting another financial operation.
Meanwhile, privacy-focused Zcash (ZEC) saw a massive liquidation. With the ZEC price plummeting, a whale lost $1.59 million when his leveraged long position was completely liquidated. The same investor lost $2.39 million in total, leaving him with only $24,000.
*This is not investment advice.
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